Coupon bonds for the improvement of Harbor lands, 1870-1875.

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Coupon bonds for the improvement of Harbor lands, 1870-1875.

Pursuant to St 1869, c 446, the state treasurer was authorized to issue scrip in the form of registered bonds or certificates of debt with interest coupons attached, to raise funds to purchase lands for the improvement of the flats in Boston Harbor. Coupon certificates, issued in 1870 and valued at $1,000, were due in 1875 with interest paid at five percent per annum.

Partial doc. box.

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Massachusetts. Treasury Dept.

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St 1890, c 428 enabled municipal officials or directors of railroad companies in Massachusetts to petition the Superior Court to abolish or alter railroad grade crossings; a court-appointed commission then made a decision to be confirmed by the court. The expenses for the work were shared between the railroad, to pay 65%, and the state and municipality, which divided the remainder according to the ruling, with the state to pay no more than 10%. The state treasurer was authorized to issue bonds a...